Del Monte Pacific Completes 14% Stake Acquisition in Agro Tech Foods

The Board of Directors of  Del Monte Pacific Limited announced that the transactions described in the Company’s announcements on 14 and 18 November 2024 have been completed today. The Company now has 14% indirect equity interest in Agro Tech Foods Limited, which in turn has acquired 100% of all the shares in Del Monte Foods Private Limited in India.

None of the Directors or controlling shareholders of the Company has any interest in these transactions other than through their respective shareholding interests in the Company.

Agro Tech Foods Limited (ATFL) is a public Limited company, engaged in the business of manufacturing, marketing and selling of a wide range of Food Products and Edible Oils. The food categories in which the Company competes includes Ready to Cook Snacks , Ready to Eat snacks, Spreads & Dips, Breakfast Cereals and Chocolate Confectionery. 

​Del Monte Pacific Limited (DELM) is an investment holding company with subsidiaries that are principally engaged in growing, processing, and selling packaged fruits, vegetable and tomato, fresh pineapples, sauces, condiments, pasta, broth and juices mainly under the brand names of "Del Monte", "S&W", "Today's", "Contadina", "College Inn" and other brands.

The Company's wholly-owned companies are Del Monte Pacific Resources Limited; DMPL India Pte Ltd; DMPL Management Services Pte Ltd; GTL Limited; and S&W Fine Foods International Limited. DMPL also has one 93.57%-owned company, DMPL Foods Limited